Lahore: FINCA Microfinance Bank Ltd, one of the fastest growing microfinance banks in Pakistan, kicked off the New Year with a resolution to become a completely digital and data-driven organisation in the year 2018. The resolution was announced during the Azm-e-FINCA 2018 event, held on the first day of the New Year at the Peeru’s Cafe in Lahore.
FINCA Microfinance Bank announced the registration of PKR 1,500 million Privately Placed Term Finance Certificate (PPTFC), furthering its strategy of diversifying its funding base to promote financial inclusion.
FINCA Microfinance Bank and The City School officially entered into an agreement on the proposed SimSim’s Corporate Business Solution for School Fee Collection on 29th September, 2017.
Lahore: FINCA, one of the fastest growing micro finance banks in Pakistan, has selected Analytics (Private) Limited (APL) as a strategic partner to power its journey towards becoming a data-driven organization. This partnership will be enabled by IBM’s analytic platform which consists of market leading business intelligence and data manipulation tools.
Karachi: FINCA Microfinance Bank signed an agreement with 1LINK (Guarantee) Limited, the largest inter-bank payment network service provider to issue PayPak Debit Cards. PayPak is the first domestic payment scheme in Pakistan. With this collaboration, FINCA has added on to its portfolio of providing digitized products to its customers.
Lahore: FINCA, one of the fastest growing microfinance banks in Pakistan, has signed a Memorandum of Understanding with The City School for the payment of school fees through smartphones to make the process easy for parents.
Karachi, 26th July 2016: FINCA Microfinance Bank, one of the fastest growing microfinance banks in Pakistan, in partnership with Finja, internationally funded FinTech startup, announced the movement to make digital commerce and payments free in Pakistan.
LAHORE – MAY 27, 2017: Pakistan’s first free mobile wallet, SimSim, received regulatory approval from the State Bank of Pakistan on Friday, 12th May, 2017. The approval was granted under the Branchless Banking Regulation framework formulated by SBP.
May 11, 2017, Lahore and Washington, DC –FINCA Microfinance Bank in Pakistan, one of the fastest growing in the country, announced today it received the Smart Certification recognizing its deep commitment to client protection.
JCR-VIS Credit Rating Company Limited has upgraded the entity ratings of FINCA Microfinance Bank Limited. The short term credit rating has increased from A-2 to A-1. Meanwhile, the long term rating has been boosted from A- to A. These are encouraging signs for the current outlook and future growth of FINCA in Pakistan.
